Fast Money Blog - 11/5/21
On Thursday, November 4th, after market close, both Pinterest, Inc. (PINS) and Square, Inc. (SQ) released their Q3 2021earnings.
Pinterest reported top-line revenue of $633 million, up 43% year-over-year and up quarter-over-quarter.
Pinterest’s average revenue per user was up 37% compared with a year ago.
Global Monthly Active Users (MAUs) grew 1% year-over-year to 444 million.
Although Pinterest delivered stellar revenue, performance, it looks like the stock will take a year to retrace to its all-time high of $85.90.
Square posted top-line Q3 revenue of $3.8 billion, up 27% year over year.
Square showed strong growth in its Gross Payment Volume (GPV), which came in at $45.4 billion, an improvement of 43.2% year-over-year. GPV tracks the total dollar amount of all card payments processed by sellers using the company's payments ecosystem, including peer-to-peer transactions.
Something to keep in mind: Square’s best quarter in terms of top-line revenue tends to be their 4th quarter.
Also, please remember that following fundamentals is a corner stone of the Wealthy Investor.
There are still more corporate earnings to come.
Stay patient and stay positive.
Tyrone Jackson, The Wealthy Investor